Daily Cryptocurrency Bulletin For Tuesday, August 13, 2019
August 13, 2019 12:31 pm
General News
Bantotal, a leading Latin America bank technology provider, is partnering with crypto exchange Bitex to facilitate cross-border payments using Bitcoin’s blockchain. 60 banks across 14 countries, with an estimated 20 million users, can now use Bitcoin to send money. Bitex acts as a middleman for banks to convert fiat payments into Bitcoin then back into fiat.
The Bitfury Group may soon be known as a data miner, as well as a crypto mining firm. The firm’s co-founder Valery Vavilov said Bitfury has launched an AI division to break down the world’s vast amount of data and derive its value. This comes as reports came out last month of the group’s potential IPO, with analystsvaluing the firm as high as $3–$5 billion.
Overstock’s blockchain subsidiary company, tZERO, has opened its preferred equity security tokens TZROP for trading by accredited and non-accredited investors following a one-year lockup. TZROP allows investors to participate in the retail giant’s revenue growth via a quarterly dividend model, earning up to 10% of the company’s gross revenue for holders. Dividends could be paid out in U.S.D, BTC, ETH or even with more security tokens.
WiV Technology, a blockchain-based fine wine investment trading platform, has partnered with EY to provide technology services. The platform enables clients to trade bottles and cases of premium wine, with the origin, quality and value of assets certified and updated on blockchain. EY said the wine will be tokenized using non-fungible ERC-721 tokens.
The U.S. SEC has delayed its decision on three Bitcoin ETF proposals. The ETFs proposed earlier by asset managers Bitwise Asset Management, VanEck/SolidX and Wilshire Phoenix all seek to become the first Bitcoin investment vehicle. Final decisions for Wilshire Phoenix, Bitwise and VanEck/SolidX are now expected by Sept. 29, Oct. 13 and Oct. 18 respectively.
Cryptocurrencies
Bitcoin $11,246.59 USD (-1.08 percent) continues to trade at a premium in Argentina after a sharp currency devaluation sent investors running for a ‘safe-haven’.
bitUSD $34.29 USD (159.75 percent) is up more than 160 percent today despite being a stablecoin. This is a clear sign of market manipulation and shows how easily markets can be taken advantage of. bitUSD is now the 52nd largest coin in terms of marketcap.
Brave $0.203756 USD (-1.20 percent) has announced the number of publishers using the blockchain-based decentralized browser has increased by 1,200% over the past year. The number of Brave Rewards publishers were 18,931 in July 2018, while its current number is more than 230,000. This comes as Brave announced earlier this month a feature for tipping content creators on Twitter with its native Basic Attention Tokens.
Komodo $0.932078 USD (8.16 percent) is up more than 8 percent today after announcing their AtomicDEX v.0.1.6 launch.
Litecoin $85.60 USD (-1.45 percent): Binance has issued a warning about a large-scale dusting attack on Litecoin users. Dusting attacks involve hackers and scammers sending minuscule amounts of a cryptocurrency (dust) to many personal wallets to break the privacy of wallet-holders. Binance has encouraged users to refrain from using the dust in transactions to help protect their anonymity.
Ripple’s $0.298002 USD (-0.64 percent) XRP crashed 40 percent against BTC on Beaxy after some users deliberately crashed prices. The exchange announced suspended trading.
– WN.com, Jamie Saarloos
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